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Helb now goes after guarantors in student loan recovery plan
Helb loan defaulters queue at the board's offices at Anniversary Towers in Nairobi: The agency seeks to recover Sh4.12 billion in the current fiscal year ending June 30, 2017 and efforts to get guarantors involved are part of that plan. FILE PHOTO | SALATON NJAU
The Higher Education Loans Board (Helb) has begun pursuing guarantors of student loans as it seeks to recover billions of shillings from past beneficiaries.
The higher education financier has been piling pressure on the loan defaulters and guarantors, marking a change of tack in its strategy to collect the money it needs to plug a funding gap.
